American Equity Investment Life Holding Co. (NYSE:AEL) had its price objective upped by FBR & Co from $23.00 to $25.00 in a report published on Monday. They currently have an outperform rating on the stock.

Other research analysts have also issued research reports about the company. TheStreet upgraded American Equity Investment Life Holding from a hold rating to a buy rating in a report on Thursday, August 18th. Sandler O’Neill upgraded American Equity Investment Life Holding from a hold rating to a buy rating and set a $18.00 price target on the stock in a report on Friday, November 4th. JPMorgan Chase & Co. reiterated a buy rating and issued a $20.00 price target on shares of American Equity Investment Life Holding in a report on Thursday, November 10th. Zacks Investment Research upgraded American Equity Investment Life Holding from a strong sell rating to a hold rating in a report on Tuesday, November 8th. Finally, Credit Suisse Group AG started coverage on American Equity Investment Life Holding in a report on Friday, October 7th. They issued a neutral rating and a $20.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $20.67.

Shares of American Equity Investment Life Holding (NYSE:AEL) opened at 20.82 on Monday. The company’s market capitalization is $1.80 billion. American Equity Investment Life Holding has a 1-year low of $12.65 and a 1-year high of $27.86. The company has a 50-day moving average price of $18.88 and a 200 day moving average price of $16.90.

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The business also recently announced an annual dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Monday, December 5th will be issued a $0.24 dividend. This represents a dividend yield of 1.11%. The ex-dividend date is Thursday, December 1st. This is a positive change from American Equity Investment Life Holding’s previous annual dividend of $0.22. American Equity Investment Life Holding’s dividend payout ratio (DPR) is currently -366.61%.

In other news, Director Alexander Meeker Clark sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $20.57, for a total value of $61,710.00. Following the transaction, the director now owns 7,600 shares in the company, valued at $156,332. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.43% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of AEL. State Street Corp increased its stake in shares of American Equity Investment Life Holding by 12.0% in the first quarter. State Street Corp now owns 1,989,991 shares of the company’s stock worth $33,430,000 after buying an additional 212,632 shares during the last quarter. Springbok Capital Management LLC acquired a new stake in shares of American Equity Investment Life Holding during the first quarter worth approximately $111,000. BNP Paribas Arbitrage SA increased its stake in shares of American Equity Investment Life Holding by 165.3% in the second quarter. BNP Paribas Arbitrage SA now owns 35,519 shares of the company’s stock worth $506,000 after buying an additional 22,129 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of American Equity Investment Life Holding by 1.5% in the second quarter. Capstone Asset Management Co. now owns 28,583 shares of the company’s stock worth $407,000 after buying an additional 410 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its stake in shares of American Equity Investment Life Holding by 1.7% in the second quarter. Eqis Capital Management Inc. now owns 20,021 shares of the company’s stock worth $285,000 after buying an additional 326 shares during the last quarter. Institutional investors own 89.44% of the company’s stock.

American Equity Investment Life Holding Company Profile

American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company issues fixed annuity and life insurance products through its life insurance subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company.